HK stocks closed higher on Friday following the firmer close of the Dow overnight. The blue-chip index opened down 10 points to 25,484 and then dipped to a day low of 25,314 (down 181 points). It then recovered all of its losses and touched a day high of 25,798 (up 302 points).
The Hang Seng Index ended up 238 points or 0.9% to 25,734. The H-share index rose 60 points or 0.6% to 9,964. Turnover decreased to HK$91.5 billion from HK$96.6 billion on Thursday.
Blue chips were mixed. HSBC (00005) dipped 0.5% to HK$56.5. HKEX (00388) jumped 2.9% to HK$245. Tencent (00700) slipped 1.2% to HK$326.4. China Mobile (00941) nudged up 0.1% to HK$66.05. AIA (01299) rose 1.6% to HK$76.
Property counters have rebounded for two consecutive days. Swire Properties (01972) jumped 1.7% to HK$27.7. Henderson Land Development (00012) shot up 2.3% to HK$38.25. Sino Land (00083) ascended 3.6% to HK$11.42. Sun Hung Kai Properties (00016) put on 3.6% to HK$116.8. Sino Land (00083) elevated 1.2% to HK$11.56. New World Development (00017) soared 6.3% to HK$10.42. Hang Lung Properties (00101) added 0.8% to HK$17.66. CK Asset (01113) gained 4.1% to HK$53.6.
Pharmaceutical counters were higher ahead of earnings reports. CSPC Pharmaceutical (01093) shot up 4% to HK$12.44. Sino Biopharmaceutical (01177) gained 4% to HK$9.42. WuXi AppTec (02359) jumped 4.9% to HK$76. China Resources Pharmaceutical (03320) shot up 3.9% to HK$7.74. WuXi Biologics (02269) added 1.1% to HK$79.9. 3SBio Inc. (01530) put on 2.9% to HK$12.
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